Top 10 Poorest Countries In The World

Not all of us are supplied with our needs and many less extravagances. We hardly know or know of these places of hunger, where misery plagues a forgotten continent , for it has not accompanied the growth of much of the West. This is a top 10 in which no one is happy to elaborate, but it is recorded what the world has of worse. To identify the world’s poorest countries, the World Bank’s Gross National Product (GNP) was analyzed and classified according to the lower GNP per capita of 2016. GNP is the sum of the wealth produced in national territory or not . Companies with overseas subsidiaries are also consider. We complement data with GDP growth rates, poverty and unemployment rates, life expectancy and literacy. Check out poorest countries.

Poorest Countries In The World

10. GUINEA

Guinea is a small country in West Africa, with an estimate population of 12.4 million. Only 1/3 of this population is literate. Low investment in education means that the economy is dependent on obsolete agriculture, slow extraction of aluminum ore and gold. It is in these places that the majority of Guineans are employed. On average, a person lives at $ 490 per year and has a life expectancy of 59.4 years in Guinea. In addition to poverty and the social problems brought on by lack of income, Guiné recovers from the ebola outbreak of 2015. And to make matters worse, the country has been a refuge for hundreds of thousands of refugees from neighboring Sierra Leone and Liberia. This puts pressure on the economy that is unable to supply the inhabitants themselves, worsening unemployment and poverty rates.

9. MOZAMBIQUE

The former Portuguese colony remains on the list of the world’s poorest countries. With an unemployment rate of 24%, out of a population of 28.8 million people, income is expect to worsen. On average, a person lives with $ 480 per year , according to GNP. With this, the life expectancy of the Mozambican does not exceed 57.6 years. The World Economic Forum point out that the biggest problem to invest in Mozambique is corruption and access to financing. Economic problems are the result of 16 years of civil war under heavy political tension. The future of Mozambique may be in the gas reserves discovered in 2011 along the country’s coast.

8. GAMBIA

After 22 years of the authoritarian rule of Yahya Jammeh, the Gambia elected in 2016 its new and third president of its history. A great opportunity to put the economy on track, after years of economic conflict and corruption. Even with a small population (2 million) compared to the other countries on this list, people are extremely poor. Each person lives on average at $ 440 a year. This also reflects in education, since the country has one of the highest illiteracy rates in the world, and at work, with 30% unemployed. The economy is dominate by two industries, wood (43%) and nuts (34%).

7. DEMOCRATIC REPUBLIC OF CONGO

One of the most populous countries in Africa is also one of the countries with the highest birth rate and rate of HIV / AIDS affected in the world. With a GDP of $ 35 billion, it ranks among the largest economies in Africa, but adjusting to its high population of almost 79 million, it becomes one of the poorest countries in the world. Your annual Gross National Product is $ 420 per person . In addition to agriculture, with 20% of the country’s economic output, they exploit the rich soil with abundant deposits of uranium, cobalt, gold and diamonds. The UN intervened with the Peace Corps in the face of serious political turmoil, civil strife and rampant corruption. Apart from the social problems faced by all the inhabitants. This context prevents the country from falling out of the list of the world’s poorest countries.

6. MADAGASCAR

Madagascar is known for its unique wild beauty, but leaves nothing to be desired in the economic aspect. Its inhabitants live on average with only US $ 400 per year according to GNP and US $ 404 according to GDP. Political instability does not contribute to growth as a result of the 2009 coup. Currently, 3/4 of Madagascar’s population live on less than $ 1.25 per day, with a total population of 24.9 million. The country is one of the largest islands in the world and is part of one of the largest archipelagos on the planet , but it can not take advantage of all the tourist potential of the region. Most survive from agriculture, metal and timber industries.

5. NIGER

With GNP at $ 370 per capita , Niger is a developing country with most of its land dominated by the Sahara desert. Despite having a GDP of $ 7.5 billion, the country is populated with more than 20 million inhabitants. The oil and mining sector is a major pillar of the economy. Due to the low level of education (15% are literate ), desert terrain, poverty of its people, poor infrastructure, poor health and others, makes Niger one of the the world. By the UN, the nation is considered one of the least developed countries in the world.

4. LIBERIA

Liberia is a very poor country and has a per capita GNP of only $ 370. Currently Liberia is recovering from the lingering effects of the civil war that lasted 14 years and related economic disruption, with about 85% of its population living below of the poverty line. On average, 10 years of study time for children, and therefore the education sector is declining by insufficient schools and colleges, without the provision of qualified teachers as well. With a life expectancy of only 62 years, inadequate infrastructure, inefficient health and care, and a number of other problems make Liberia the 4th poorest country in the world.

3. CENTRAL AFRICAN REPUBLIC

Central African Republic is a landlocked country in Africa, and like many of the world’s poorest countries, has agriculture as a subsistence. Diamond and wood industries contributed to export revenues to some extent (40% and 16% respectively). One person, on average lives on less than $ 400 a year ($ 370 to be exact). With low economic opportunities and little income from existing ones, health is hamper, giving a life expectancy of only 51.4 years. Two decades less than the world average. The country has a GDP of US $ 1.8 billion and a population of 4.6 million.

2. MALAWI

Devastated by the HIV-AIDS virus, Malawi has more than one million children orphaned by the disease. It is a small poorest countries east of the African continent, which was damage by government corruption. Its economy depends heavily on agriculture, despite the arid and dry climate. This sector is constantly undermine by the lack of rain. With a population of $ 18.1 million and a per capita GNP of $ 320 , the government made significant improvement with financial support from the IMF and the World Bank. Expenditures on education rose to 20.4% of the total budget. With a GDP of $ 5.4 billion, life expectancy is only 62.5 years.

1. BURUNDI

The fact that a person from Burundi lives on average at only $ 280 a year is mainly due to civil wars, access to education, high corruption rates, the consequences of HIV / AIDS, lack of economic activity, social inequality and its coastal geography. With a considerable amount of emigration due to poverty and more than a decade of ethnic civil war, the nation is still densely populate, somewhere around 10.5 million. 80% of its population lives in poverty. The life expectancy is only 57.1 years . According to the World Food Program, 56.8% of their children under the age of five suffer from chronic malnutrition. Therefore, Burundi depends mainly on foreign aid.